Bridging Bitcoin and DeFi: The tBTC and Sui Collaboration

Now live on Sui, tBTC enables users to trade, lend, and engage in advanced DeFi strategies within a secure and scalable environment, boasting transaction finality as fast as 400 milliseconds.

Jameel Khalfan, Head of Ecosystem Development at the SUI Foundation, and MacLane Wilkison, co-founder and CEO of Threshold Labs, delve into the exciting collaboration between tBTC and Sui in a recent episode of the Bitcoin.com News Podcast. They explore the unique advantages of tBTC as a synthetic bitcoin asset that enhances DeFi capabilities, allowing users to generate yield and borrow against their bitcoin holdings. The conversation covers the recent launch of tBTC on Sui, its initial success, and the future developments that promise to further integrate Bitcoin into the DeFi ecosystem. Listen now for an enlightening discussion on how this partnership is poised to reshape the landscape of digital finance.

Sui x Threshold Network (tBTC) Partnership
tBTC’s recent launch on Sui marks a significant milestone for Bitcoin in the DeFi space. Now live, tBTC can be directly minted on Sui via the Threshold app, making Sui the first non-EVM chain to support native tBTC minting.

In this podcast, Jameel and Maclane dive deeper into the tBTC x Sui integration.

“For Alphalend… It’s pretty straightforward. You can deposit your tBTC on Alphalend, earn yield, and borrow against it,” Jameel explains. “As you explore more of the DeFi ecosystem, there are other things you can do. For example, Bluefin—they have an orderbook where you can trade tBTC pairs or deposit into liquidity pools. You can also deposit tBTC to Bucket and use that as collateral,” he adds. “And lastly, AlphaFi is where they take a lot of really complex DeFi magic and make it simple for end users to leverage against an asset (in this case, tBTC).”

When Maclane was asked what this integration means for Threshold and DeFi users, he shared: “For the first 24 hours after launch, we had about a million TVL on Bluefin,” Maclane said. “Which shows an early indication of what people are looking to do with tBTC—like lending markets on Sui.”

Looking ahead, Maclane added: “Very soon, there will be support for tBTC in Wormhole’s Portal Bridge—a nice UI that lets you mint tBTC from other networks to Sui and take advantage of DeFi opportunities (on Sui).”

To learn more visit Sui.io and Threshold.network.

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